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Farmers and Merchants Bank

Farmers and Merchants Bank
Farmers and Merchants Bank

Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a range of loan options designed to meet diverse needs. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to help your business grow. Their expertise includes SBA 7(a) loans, which are ideal for various business purposes, and they have a strong track record of approving substantial amounts, with approvals reaching up to $265,000. Located conveniently in Lakeland, GA, they serve local entrepreneurs and small business owners, providing personalized guidance throughout the loan process. Their team is committed to helping clients navigate the complexities of SBA programs and secure the financing necessary to succeed. With a focus on customer service and industry knowledge, they aim to make the borrowing experience straightforward and accessible, supporting the economic development of the community and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.7
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loans and small business financing options. You can find information about loan programs, application requirements, and personalized support for your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but some services may be available to non-residents with qualifying criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, but requirements may vary based on the specific loan and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of documentation and loan complexity.
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